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The Financial Industry Regulatory Authority (FINRA) has barred two Buffalo-based brokers – Timothy S Dembski and Walter F Grenda – from the securities industry for fraud in connection with the sale of a hedge fund, the Prestige Wealth Management Fund. Dembski and Grenda’s misconduct occurred while they were employed with Mid Atlantic Capital Corporation.   FINRA’s investigation found that Dembski and Grenda made material misrepresentations and omissions to lead investors to believe that the hedge fund was a “growth” fund that would be based on a computer algorithm that automatically included risk protections and stop-losses to limit losses in the
A new study from The Chicago Board Options Exchange (CBOE) examines six benchmark indexes that invest in Russell 2000 Index (RUT) options and compares their performances with those of traditional benchmark stock and bond indexes. This is the first comprehensive study that examines the performance of multiple options-strategy benchmark indexes that incorporate Russell 2000 Index options.   Written by Mark Shore (pictured), an adjunct professor at DePaul University's Kellstadt Graduate School of Business, and sponsored by CBOE, the study, “Analysing Russell 2000 Index Options-Based Benchmark Indexes Designed to Provide Enhanced Yields and Risk-Adjusted Returns,” looks at the performance of six
The Lyxor Hedge Fund Index was down 0.9 per cent in January, despite positive performance from  five out of the 11 Lyxor Indices, according to Lyxor’s latest Alternative Investment Industry Barometer. The Lyxor CTA Long Term Index (+2.2 per cent), the Lyxor Global Macro Index (+0.7 per cent), and the Lyxor Fixed Income Arbitrage Index (+0.7 per cent) were the month’s best performers.   Hedge Funds displayed remarkable resilience in January. Both markets and analysts started the year with reasonable growth expectations. These were aggressively revised down, triggered by the release of the disappointing Chinese PMI and the CNY depreciation.
Two out six of IndexIQ’s proprietary family of hedge fund replication and alternative beta indices recorded positive performance in January.  The IQ Hedge Market Neutral Index led the way with a return of 0.33 per cent followed by the IQ Merger Arbitrage Index at 0.13 per cent.   The month’s biggest loser was the IQ Hedge Long/Short Index which was down 2.83 per cent for the month, while the IQ Hedge Event Driven Index (-2.42 per cent), the IQ Hedge Multi-Strategy Index (-1.13 per cent), and the IQ Hedge Global Macro Index (-1.03 per cent), also finished the month in negative territory.
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for January 2016 measured -2.86 per cent. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index advanced 0.66 per cent in February. "SS&C GlobeOp's Capital Movement Index rose 0.66 per cent for February 2016 after a decline of -3.28 per cent in January of 2016," says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C Technologies. "This improvement is very much in line with normal seasonal patterns. In fact, the 0.66 per cent gain for February 2016 is almost identical to the year ago gain of
The global hedge fund industry started the year off on a negative note, with a -2.22 per cent aggregate return in January, according to eVestment’s January 2016 Hedge Fund Performance Report. Peter Laurelli (pictured), eVestment vice president and head of research, author of the report reveals that only 32 per cent of funds were positive in January, but there were some bright spots in the industry. For instance, nearly 70 per cent of macro and managed futures funds were positive last month.   Managed futures funds’ +1.89 per cent return in January is the best monthly aggregate return since January
US private equity and real estate groups are paying close attention to the opportunities on offer in Ireland to pick up distressed assets, as the ripples of the '08 financial crisis continue to be felt there. Whether they are buying actual assets, or the debt that is held on those assets, depends on what the individual manager is trying to achieve but as Nicholas Tsafos, Chairman and Director of EisnerAmper Global Ltd, observes: "Whether it is commercial real estate or retail real estate, we are seeing managers invest in a variety of property portfolios, buying landmark properties such as the
There has been a flurry of activity over at ML Capital in the last few months. The company provides a range of UCITS and AIFMD fund solutions to fund managers and currently has over USD1.5 billion of assets under management across its Dublin-based MontLake UCITS Platform and MontLake QIAIF Platform. The MontLake UCITS Platform, in particular, has added a number of new funds including: Mygale Event Driven UCITS managed by Neil Tofts; OTS Asia Opportunity UCITS, managed by OTS Capital Management, and SPARX OneAsia Long Short UCITS, managed by SPARX Asia Investment Advisors.  According to ML Capital's CEO, Cyril Delamare,
Q&A with John Bohan (pictured), Managing Director Europe & Middle East, Apex Fund Services (Ireland). To what extent is Apex FS seeing interest in the QIAIF? And where is that interest largely coming from?    The non-UCITS QIF (Qualifying Investor Fund) has been one of the most successful fund structures in Ireland to date, its success reflecting the market appetite for a sophisticated regulated product facilitating hedge fund and other alternative investment strategies.    With the advent of AIFMD in 2013, there has been a growth in funds platforms with licensed investment management companies offering a fast track to market
For EU and non-EU managers, the ability to choose between AIFMD or UCITS regimes to bring a regulated fund product to market with minimal fuss is a compelling one. With its unique business model, ML Capital has proven to the marketplace that there are many ways to scale the walls of so-called "Fortress Europe".  ML Capital operates two Dublin-domiciled platforms that between them are capable of supporting a wide range of alternative investment strategies, from the most liquid end of the scale to the most illiquid end. The MontLake UCITS Platform was established in October 2010, while the MontLake QIAIF Platform,

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